Frisco, TX home prices and housing market

Frisco home values are down nearly 5 percent this year, and over a third of sellers are cutting. If you are thinking about selling in the next year, that combination matters more than any single number, so let me walk you through it. The typical Frisco home is now worth about six hundred thirty-eight thousand dollars, down about 4.7 percent from a year ago. Meanwhile there are roughly one thousand fifty homes for sale, and only about 250 new listings came on this month, which tells you owners are not rushing to test this market. Homes that do list are taking about 59 days to go under contract. But here is the number that explains everything else. The median asking price is about seven hundred nine thousand dollars, roughly seventy thousand dollars above the typical home's value. Sellers are still pricing off last year's peak, buyers are not paying it, and that is why about 36 percent of active listings have already cut their price. So the play is simple. Price at today's market, not last year's. A well priced home still sells here, but an ambitious one sits for two months and then cuts anyway. To see where your home fits in all this, get a free home value estimate at Home Value Pros dot com.